Our currency was talked down from parity with the US$ in 2013 when the Liberals gained power with Tony Abbott at the helm. I can remember it clearly at the time as they spoke with certainty and determination that there would be substantial falls and within less than 2 years it lost 1/3 of it's value.
Not only does it make exports more competitive it also makes our real estate more affordable with 1/3 off the 2013 prices for most of the country feeding overseas consumption, propping up inflated RE prices in Sydney and Melbourne while passing our property into foreign hands.
Like interest rates, the AU$ needs to go up not down to regain stability and control.
